according toBloomberg reportsBloomberg reports
It is reported that,, DX.Exchange powered by Nasdaq, will allow users to trade stocks of companies including Apple, Facebook and Tesla next week.
It is reported that,
These stocks are all listed on Nasdaq, and also include Alphabet, Amazon, Microsoft, Netflix, Baidu, Intel, Nvidia, etc.
How is it technically possible to buy digital stocks?
The technical principle is the same as that of USDT. USDT is pegged to the U.S. dollar at a ratio of 1:1. DX.Exchange is based on Ethereum and tokenizes the company's stock, and each share corresponds to 1 token.
So, what are the advantages of digital shares compared to buying shares on the stock exchange?
Compared with traditional stocks, digital stocks can support trading 24 hours a day, investors can buy less than one share, and for foreign investors, they can also buy and sell American stocks that are difficult to obtain through traditional channels.In addition, on DX.Exchange, investors will be able to directly use cryptocurrencies to buy stocks, and the process is more simplified.
CEO Daniel Skowronski said that the stock trading service does not require US approval because DX does not operate in the United States.has said，
The company says it is registered in Estonia, licensed by the Estonian Financial Intelligence Unit and regulated by the European Union. Daniel Skowronski
has said
Partnering with Nasdaq requires exchanges to meet the highest regulatory standards, which avoids common mistakes and loopholes, such as double-wrapped trades, and often prevents false volumes.
The SEC declined to comment.
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